Housing costs in Morcom?
A typical home costs
$199,300, which is 41.1% less expensive than the national average of
$338,100 and 35.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morcom costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 27.8% more than the state average of
$1,240.
Can I afford Morcom?
To live comfortably in Morcom, Minnesota, a minimum annual income of
$38,160 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Morcom?
The cost of living in Morcom, MN is relatively low compared to other cities in the state. The median home price is around $150,000 and the median rent is around $780 a month for a one bedroom apartment. Residents also pay an average of 8.8% sales tax on purchases that can be offset with subsidies available through the city government. Utilities such as water and electricity are among some of the lowest in the area, averaging about $100 per month for basic services. Overall, Morcom is an affordable place to live and offers its residents a good quality of life at an affordable rate.